Horse racing was always out of the question in my mind, I remember some Greek retro racetrack videos with addicted gamblers making fun of the sport and their losses.
Unfortunately, there are no subtitles in the video, but in a nutshell, the first gentleman says he lost everything in gambling and blames the “eye.” A magical power that elders believe can bring bad luck if someone is jealous of you just by thinking of it. 😂
Another gentleman says: “Greek Racetrack: Put a cow and ten horses in the race, the cow will win.“
You do understand that as a person who doesn’t gamble, this, and other things prove me right for staying away from racetracks, but then Pegaxy happened.
The recent 3D update and the upcoming Food, Gear, and Stadium sales have created a buzz around the game with many players worldwide and specifically in the Philippines playing or actively looking for scholarships. Pegaxy is one of the hottest games in the play-to-earn industry right now.
Using a dual token economy, the play-to-earn token price depends on the breeding rate which has seen an increase since the game was released. By having a look at the stats below, you will see that the minting vs burning ratio of the VIS token has only an 8% difference, which makes it unique in the space.
What is Pegaxy?
Pegaxy is an automated horse racing game where 12 horses race in each match. The goal is to finish in the top three spots and future updates promise a “skill-based gameplay.” Finishing in the Top 3 will reward players with VIS, the play-to-earn, Polygon-based rewarding token.
What Token Pegaxy Uses?
Pegaxy uses the PGX Token as the main currency which will provide governance and staking features in due time. The secondary token frequently referred to as “play-to-earn token” is Vigorus (VIS). Both tokens exist on Polygon Network.
PGX has a total supply of 1 Billion tokens with a self-reported circulating supply of 39,516,281 PGX while VIS is an uncapped token and its price is based on the burning mechanisms (breeding and upcoming features.)
How Much Can You Earn in Pegaxy?
To win VIS tokens, a player has to finish in the top three spots. The rest get nothing. At the time of writing this article, one VIS equals $0.04. Rewards are the following:
- 1st: 105 VIS
- 2nd: 44 VIS
- 3rd: 26 VIS
Keep in mind that horses have a win rate percentage. Everything above a 30% win rate is a good choice. Not all horses are equals and the base stats are still hidden by the developers.
Joining The Pegaxy Presale Was a Good Call.
Having obtained two founding Klins and a few other horses after the presale for our community members, I can say that this was a good call. Our small Pegaxy farm counts 23 horses right now, all given out to our community members.
The Founding horses available on the marketplace have done a 10x and 20x for Klin. A virgin Founding Klin horse that hasn’t bred has a current floor price of 6,000 USDT for Males and 4,000 USDT for females.
Recent Pegaxy Statics.
One of the latest updates is the Apollo platform which provides an overview of some basic game elements that everyone can access. Let’s have a look at them.
- Born Pegas: 65,474 (Since November 7th, 2021)
- Pega Sales Volume: 17,444,057 USDT. (Since November 15th, 2021)
- Sold Pegas: 16,384. – Chart reveals an upward direction, meaning more sales are taking place every day. (Since November 15th, 2021)
VIS Minting VS Burning Ratio.
Here we have some interesting facts that show us that players are actively breeding Pegas. While breeding doesn’t guarantee you will get a good horse, Pegaxy Guilds and Investors find breeding to be more profitable rather than buying horses from the market.
The Minting versus Burning ratio is back to back, something that we don’t usually see in uncapped play-to-earn tokens and other games.
As we can see in the image below, minting and burning have an 8% difference which reveals that there is a lot of minting taking place now that VIS is still at a low price range. Future burning mechanics are supposed to offer more burning pressure.
The total VIS minted since December 1st, 2021 is 365,158,771 (365 million) and the burned VIS is 335,236,000 (335 million.)
Pegaxy Scholarships Percentage
At this point, I would like to state that Pegaxy is the first game to offer automated payouts for scholars. This solves a huge problem that actually cuts the middleman (managers.) Unfortunately, from what we experienced through Axie Infinity, some managers were stealing scholar earnings so this system is somewhat ideal.
Since Pegaxy is a new game, most managers are sharing a small percentage of the earnings. This is bound to change in due time as more horses hit the market and the competition becomes bigger.
- 29% (19353 Pegas) of the scholarships are given out to players with a revenue share of 1% to 10%.
- 20% (13354 Pegas) of the scholarships are given out to players with a revenue share of 10% to 20%.
- 18% (12173 Pegas) of the scholarships are given out to players with a revenue share of 20% to 30%.
- 9% (6012 Pegas) of the scholarships are given out to players with a revenue share of 30% to 40%.
- 15% (10153 Pegas) of the scholarships are given out to players with a revenue share of 40% to 50%.
- 7% (4428 Pegas) of the scholarships are given out to players with a revenue share of 60% to 70%.
- The last three categories combine 1343 Pegas with a revenue share of 70% to 100%.
How Much Is The Cheapest Pega in Pegaxy?
Just in any other game, the price of assets is dependant on the rarity and other factors. The floor price of Pegas varies based on the following factors:
- Bloodline: Hoz, Campona, Klin, Zan
- Rarity: Crowned, Founding, Legendary, Epic, Rare, Pacer.
- Breeding Count: 0 to 7.
With that being said, the cheapest Pega you can acquire from the secondary market is priced at 510 USDT for a Hoz Pacer with 4/7 breeding.
Pegaxy Floor Prices.
Let’s have a look at the different Pegas available with statistics provided by the Apollo platform.
The following table shows the floor price for virgin Pegas.
|Hoz||35,555 USDT||Not Available||2,980 USDT||1,900 USDT||1,100 USDT|
|Campona||6,500 USDT||3,000 USDT||1,329 USDT||920 USDT||760 USDT|
|Klin||5,000 USDT||2,500 USDT||1,290 USDT||900 USDT||699 USDT|
|Zan||4,150 USDT||1,666 USDT||889 USDT||785 USDT||700 USDT|
The following table shows the floor price of Pegas in general with mixed breedings (2+/7).
|Hoz||19,500 USDT||Not Available||2,980 USDT||1,688 USDT||518 USDT|
|Campona||2,300 USDT||1,800 USDT||740 USDT||550 USDT||540 USDT|
|Klin||1,885 USDT||895 USDT||588 USDT||530 USDT||519 USDT|
|Zan||1,739 USDT||720 USDT||515 USDT||720 USDT||557 USDT|
In addition, the Apollo platform provides statistics for guild owners and managers.